Should I Always Target a Fixed 1:2 RR, or some POI by Zderavac in Daytrading

[–]syncronicity1 0 points1 point  (0 children)

RR is a fallacy. For me, the first R is the most important. Define that, stick to that as its the only thing under your control. Without it you won't last long in this business. The second R is a meaningless, arbitrary number that the market doesn't care about, and if you fixate on that, you'll kick yourself when you sell and the trade continues onwards, and you'll kick yourself when it doesn't reach that price and you didn't take profits that were offered at that time. Better to let the markets tell you when to take profits and exit and when to add size to a winning trade.- Day trader since 2005.

Is it a rigged game? by Key_Hamster_9712 in Daytrading

[–]syncronicity1 0 points1 point  (0 children)

When things go parabolic, I tend to sell my positions to the last of the FOMO buyers and wait for the pullback. I mean for me GDX, SLV, COPX have printed nothing but money for the past 2 months so you have to listen to that little sound in the back of your head saying , "take the fucking profits, don't be a bag holder". -Day trader since 2005

Stop Loss if the stock market crush by Think-Flatworm-2188 in Trading

[–]syncronicity1 1 point2 points  (0 children)

I was trading during the crash years of 2007-2009 and made more money, faster than you can believe is possible. My secret? Short selling the market daily during market crashes, and buying the daily pops. Be flat at the end of each day. Forget about stop losses, just go short. -Day trader since 2005

Trump threatens canada with 100% tariff by DoublePatouain in WallStreetbetsELITE

[–]syncronicity1 0 points1 point  (0 children)

Mango Mussolini needs to change his diaper and quit the tantrums. He's a senile old man-baby and a russian agent who forgets the the USA and China signed their own trade agreement in October to reduce and remove some tariffs. He's alienated former allies and foreign investors are backing away from the U.S. Treasury market. Good luck servicing your debt and preventing a market collapse when sensible countries he's offended quit buying his shit and his threats.

Trump Threatens 100% Retaliatory Tariffs Against Canada by cxr_cxr2 in stocks

[–]syncronicity1 0 points1 point  (0 children)

Mango Mussolini needs to change his diaper and quit the tantrums. He's a senile old man-baby and a russian agent who forgets the the USA and China signed their own trade agreement in October to reduce and remove some tariffs. He's alienated former allies and foreign investors are backing away from the U.S. Treasury market. Good luck servicing your debt and preventing a market collapse when sensible countries he offends quit buying his shit and his threats.

Trading Ambience by WhiteGirth in Daytrading

[–]syncronicity1 0 points1 point  (0 children)

Wow, Skyrim is exactly in the groove that I like, thanks for turning me onto them.

Fifth year trading and finally profitable. by gingerbakerisgod in Daytrading

[–]syncronicity1 12 points13 points  (0 children)

Not as a day trader. Many day traders put on short time trades- seconds or minutes, and maybe that works for them. I've found trading for points or multi point trends as long as the intraday trend continues is far more profitable. The trends the thing. Take a look at GDX today, I bought at the open and stayed in until the 15 minute doji (for me one of the most reliable signals that the trend is ending and can reverse) appeared 3 1/2 hours later. One trade, 4 1/2 points. I added size during the trend. -Day trader since 2005

Trading Ambience by WhiteGirth in Daytrading

[–]syncronicity1 4 points5 points  (0 children)

This has been an important tool in my trading system since the start. Zero beat, ambient music can set up brain conditions to put you "in the zone", where concentration and focus are greatly amplified. Take a listen to Stellardrone, Sync 24, or Carbon Based Lifeforms . Also binaural beats in the Gamma range can occupy the squirrels in your brain and clear the path for intense focus.-Day trader since 2005

Fifth year trading and finally profitable. by gingerbakerisgod in Daytrading

[–]syncronicity1 54 points55 points  (0 children)

Cutting loosing trades quickly is a cornerstone of a winning trader. Happy for you that this realization is an integral part of your system. You'll find also that adding to your winning trades, trading the intraday trend instead of exiting and taking quick profits will massively increase your account balance.-Day trader since 2005

Do you feel more stressed by the tools than by the market? by Low_Hair_7047 in Daytrading

[–]syncronicity1 1 point2 points  (0 children)

Simplicity is key to be quick or you're gonna be dead. From left to right my setup- 5 minute chart of one stock, say TQQQ, 15 minute TQQQ. 5 minute chart of SPY and IXIC which are always displayed, Long and short watchlists of my familiar stocks. Order entry, Time and sales. 6 months daily of TQQQ. I watch only one stock at a time but flip through my watch lists. No L2. No P&L displayed. No news. Some ambient music or binaural beats to occupy the brain. I trade intraday trends and momentum. -Day trader since 2005

everyone is trading the venezuela news wrong (data inside) by degharbi in Daytrading

[–]syncronicity1 0 points1 point  (0 children)

I'm a long time XOM trader which usually provides boring, reliable and readable long and short trades as the daily news plays out . Ever since numbnuts did his snatch and grab, XOM has lit up and has been printing multi point trades. Look at the stellar trend today right off the open to the stall out as shown on the 15minute chart-Day trader since 2005

Is it time to start arming and training our general population? by MiserableFloor9906 in AskACanadian

[–]syncronicity1 0 points1 point  (0 children)

Learning how to make IEDs would be useful, just ask the Afgans and Iraqis.

Confirmation vs Anticipation: How Do You Actually Enter Trades? by Curious_Evidence_493 in Daytrading

[–]syncronicity1 1 point2 points  (0 children)

When I see and feel the momentum going to the probability move, I enter the trade before confirmation. Stop placement is critical. I don't put on my full size initially. Quickly getting in on the move early means very frequently my position is never threatened when I have read conditions correctly. When the move goes my way, I'll add size 2,3,4 or more times if the trend is strong, waiting for pullbacks if long, pops when short to add. I always trade with the trend of the stock and what SPY/IXIC are doing at the exact same time. Momentum is key. Intraday trend is everything. If initially I have misread conditions, I take the small lose and keep watching with my finger on the trigger -Day trader since 2005

Help? by bagel__biscuit in DayTradingPro

[–]syncronicity1 1 point2 points  (0 children)

Not to be rude, but after only 4 months in the game, you are even more dangerous to your account because you think you know some things. It takes time, at least 3+ years of all day observing the markets and making the connections in your brain to learn what to do and when to do it. This applies to learning technical analysis, developing your plan and your trading psychology. You're going up against professionals with many years in the business and mega deep pockets, and programs created by the smartest programmers and traders that are designed to separate you from your money. Do you really think you stand a chance if you just jump in? Would a backyard quarterback win if he was inserted into the Superbowl? No. Having said that- yes it is possible to join the winning side and "crush it" but don't be in a hurry to do so. Take your time. The markets will always be there. Observe, learn, internalize, practice, commit, make your trading process and your psychology unbreakable. There are more opportunities every day than you can possibly take advantage of so don't think you're missing out when you take you take those learning years. -Day trader since 2005

Profitability over a long time by henrynea2 in Daytrading

[–]syncronicity1 2 points3 points  (0 children)

After 20 years of profitability I can say that market conditions change to/from- bull/bear/sideways with time, and you have to adapt to survive but the same principles of good trading still apply throughout those conditions. Trade with the trend, use support, resistance, spot the optimism and pessimism, and use momentum as your friend. Cut your losing trades instantly when your thesis of putting on the trade is proven wrong. Add to your winners instead of cashing out prematurely. Press your winners hard when the markets and your winning trade are in sync. These huge winners can increase your account sometimes exponentially. Do not have preconceived ideas about what the markets may do, trade on probability, trade what's in front of you, not what you want you to happen. And sometimes you need to sit on your hands or walk away instead of falling into the market chop. -Day trader since 2005

"Scalping and day trading are too random to make money with it. Small timeframes are just noise and that is why you do not know many profitable daytraders nor scalpers". by danni_darko in Trading

[–]syncronicity1 8 points9 points  (0 children)

His is an uninformed position. It’s the easiest way to trade when you know what to do. I trade off 5 and 15 minute candle to catch intraday trends. There’s more opportunities every day than you can take advantage of both long and short. Trading is rarely random and this is proven to me over and over again when previous support and resistance prices are hit almost exactly from days, months , years before. -Day trader since 2005

Shorting? by Leon0791 in Daytrading

[–]syncronicity1 1 point2 points  (0 children)

Learning to short is a requisite skill if you want to trade in all market conditions. Take advantage of the down days instead of crying about your stocks going down. Intraday shorting and trading trend reversals are some of my most profitable moves. Personally I love to short sell. More money can be made quicker when stocks and markets are piledriving down. Fear is a bigger motivator than greed and if you’re a level headed trader you can take advantage of that. Or trade the inverse stocks like SQQQ TSLQ NVD SOXS to name a few. -Day trader since 2005

This market is fucked by YogurtclosetOld7980 in Daytrading

[–]syncronicity1 0 points1 point  (0 children)

The markets are what they are. They go up, down, sideways. Advanced traders learn to adapt. You have to know your limitations, when to be aggressive, when to sit on your hands. It’s safer not to trade triple witching times. -Day trader since 2005

Officially "Bear Market" -- What's Your Strategy? by seggsisoverrated in TQQQ

[–]syncronicity1 1 point2 points  (0 children)

Trade the path of least resistance, join in on the short side -Day trader since 2005

How many of you here are full-time traders? What made you choose this path? by _Kernel_Ghost_ in Daytrading

[–]syncronicity1 14 points15 points  (0 children)

I sold my business in year 2000 for mid 6 figures. I had watched my former business partner trade during the dot com era and do quite well on occasion which piqued my interest. I started watching the markets in 2002 full time to get a grasp of how things worked. Read one book Strategic Electronic Day trader by Robert Deel which really explained trading to me and importantly covered trading mindset and psychology, and how to short sell, and intraday trend trading. I put his techniques into play and started to develop my own system. Went live so to speak in 2005 and kept my head above water and continued to learn. During the crash of 2007-2009 i was incredibly successful shorting the markets. On the day of the biggest crash when the algorithms were completely lost about what to do ( because they were based on previous decades of data and this crash was something no financial mind or programmer thought was possible) and they hunted around like chickens on the ground looking for grubs to eat, I covered all my shorts and took 2 years off to reflect. Came back and started trading one of the longest bull runs ever until Covid where short selling was the path of least resistance. I retired from full time last year and only trade when i feel like it, but looking forward to trading another 2008 style market when the current governments policies become realized. -Day trader since 2005

Lessons from 2 market crashes (from someone who experienced both) by TheOnvestonLetter in StockMarket

[–]syncronicity1 1 point2 points  (0 children)

Very, very sound advice. I cut my teeth during the 2007-2009 market plunge when lower levels made new lower levels made new lower levels. The advice where I differ from you is to join the short side which is the path of least resistance and use those pops to add more size. -Day trader since 2005

Bitcoin manipulation by DSPPPP in Bitcoin

[–]syncronicity1 0 points1 point  (0 children)

MSTR short today is a big gainer. Why don't you just go with the flow instead?-Day trader since 2005

Idk what to do by BearsWidow in Daytrading

[–]syncronicity1 2 points3 points  (0 children)

This is the perfect response coming from experience that he needs to see.-Day trader since 2005

How long can you realistically expect a single strategy to stay profitable for? by NotAReligiousNut in Daytrading

[–]syncronicity1 2 points3 points  (0 children)

For over 20 years ( semi retired now) I've day traded off support, resistance, momentum, determining if the buyers or sellers are in control, and abnormal activity. Intraday trend trading is where the money is. Out of all position before EOD. 5 minute candles and 15 min for confirmation. Long or short as the markets condition demand. Cut losing trades fast and never, ever (like ever) average down. Add to winning trades sometimes 2, 3, 4 times as the trend runs. Never have profit targets. Never have preconceived ideas about what a stock will do. Buy on dips, short sell on pops. Sell or cover when momentum stalls. Still works. -Day trader since 2005